A Loan Tranche definition

A Loan Tranche means, a tranche of any Funding 2 Intercompany Loan which has been structured so as to reflect the payment obligations on the Notes of the relevant Funding 2 Issuer which are rated A by S&P, A2 by Moody's and A by Fitch at their date of issue;
A Loan Tranche means a tranche of any Funding 2 Intercompany Loan which has been structured so as to reflect the payment obligations on the Notes of the Master Issuer which are rated A by S&P, A2

Examples of A Loan Tranche in a sentence

  • As of the date of this Agreement, the aggregate amount of Payments (as defined in the Company Loan Agreement) made by or on behalf of Parent and/or any of Parent’s Subsidiaries to the Lender (as defined in the Company Loan Agreement) in respect of the Tranche A Loan, Tranche B Loan or Tranche C Loan (each as defined in the Company Loan Agreement) equals $48,200,000.

  • The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Loan or a Swing Loan, each of which constitutes a Class.

  • The Borrower promises to pay interest on the unpaid principal amount of such [Tranche A Loan] [Tranche B Loan] from the date of such [Tranche A Loan] [Tranche B Loan] until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement.

  • The Credit Agreement, among other things, (i) provides for the making of a [Tranche A Loan] [Tranche B Loan] by the Lender to the Borrower, the indebtedness of the Borrower resulting from such Loan being evidenced by this Note and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein specified.

  • The Administrative Agent shall designate in the Register the amount of each Lender's Loans and the nature of each such Loan as a Tranche A Loan, Tranche B Loan or Tranche C Loan.

  • The "Series" of a Pre-Existing Obligation refers to whether such obligation is owed in respect of a Tranche A Loan, Tranche B Loan, Working Capital Loan, Working Capital L/C Reimbursement Obligation, L/C Reimbursement Loan, Tranche A Settlement Amount or Tranche B Settlement Amount.

  • Any prepayment of the Tranche A Loan, Tranche B Loan or Tranche D Loan shall be applied to reduce the subsequent scheduled repayments of the Loan of such Class to be made pursuant to the foregoing clause (a)(i), (ii) or (iv) (as applicable) in the direct order of maturity.

  • If such Lender shall repay to the Administrative Agent such amount, such amount shall constitute such Lender's Tranche A Percentage Share, Tranche B Percentage Share or Tranche D Percentage Share of such Tranche A Loan, Tranche B Loan or Tranche D Loan, as applicable, for all purposes of the Loan Documents.

  • Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Tranche A Loan, Tranche B Loan or portion thereof to be prepaid, provided that any such notice of prepayment may be revoked without penalty or premium if such prepayment is contingent on a refinancing and such refinancing does not occur for any reason.

  • For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a "Tranche A Loan", "Tranche B Loan" and "Tranche C Loan").

Related to A Loan Tranche

  • Loan Tranche The Series 2006-2 Class B2 Notes will fund the Series 2006-2 AA (Class B2) Loan Tranche which shall have the following xxxxx:

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Existing Revolver Tranche has the meaning set forth in Section 2.16(b).

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Facility B Commitment means a Facility B1 Commitment or a Facility B2 Commitment.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Existing Tranche has the meaning specified in Section 2.19(a).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender’s Term Loan Commitment.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • Term Loan Extension Series has the meaning set forth in Section 2.16(a).

  • Existing Revolving Credit Class shall have the meaning provided in Section 2.14(g)(ii).

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.